Clearline Capital LP Buys New Position in Liberty Global Ltd $LBTYA

Clearline Capital LP bought a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 179,654 shares of the company’s stock, valued at approximately $2,059,000.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after acquiring an additional 1,238 shares in the last quarter. Rothschild Investment LLC raised its holdings in Liberty Global by 207.4% during the third quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock worth $34,000 after purchasing an additional 2,012 shares in the last quarter. AlphaCore Capital LLC bought a new stake in Liberty Global during the second quarter worth approximately $46,000. Headlands Technologies LLC acquired a new stake in Liberty Global in the second quarter worth approximately $47,000. Finally, MAI Capital Management boosted its stake in Liberty Global by 27.5% during the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company’s stock valued at $52,000 after purchasing an additional 983 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Trading Down 1.9%

Liberty Global stock opened at $12.18 on Friday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of -0.59 and a beta of 1.02. Liberty Global Ltd has a 1 year low of $9.02 and a 1 year high of $13.52. The firm’s 50 day moving average price is $11.51 and its two-hundred day moving average price is $11.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($8.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($8.14). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Liberty Global had a negative net margin of 146.30% and a negative return on equity of 58.32%. On average, research analysts predict that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Analyst Ratings Changes

LBTYA has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, January 22nd. UBS Group raised their target price on Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Citigroup lifted their target price on Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.40.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.